US Futures Are Flat as AI-Related Stocks Hit by Heavy Selling, Oil Prices Rise
AI-related shares extended losses as rising oil prices and higher bond yields added pressure to U.S. markets, analysts said.
- U.S. futures held steady Wednesday as artificial intelligence-related stocks extended their sell-off and oil prices climbed, adding to recent market volatility.
- Rising oil prices amid the unresolved conflict over the Strait of Hormuz have pushed bond yields higher, causing investors to retreat from expensive tech stocks.
- Micron Technology dropped 7%, while chip companies Nvidia and Broadcom fell 2.3% and 3.2% respectively, as demand for data center building blocks appears less profitable than promised.
- Asian markets declined Wednesday, with South Korea's Kospi dropping 5.8%, while Chinese humanoid robot maker Unitree reaped about $900 million in its initial public offering.
- President Donald Trump's decision to delay tariffs on $20 billion in Canadian imports remains a market focus, as investors await the Federal Reserve's meeting minutes released Wednesday.
12 Articles
12 Articles
US futures nearly unchanged as AI-related stocks hit by heavy selling, oil prices rise
U.S. futures are nearly unchanged as artificial intelligence-related stocks were hit by heavy selling and oil prices climb. AI-related stocks have been veering up and down this summer on worries that their prices have shot too high and that the…
US futures are flat as AI-related stocks hit by heavy selling, oil prices rise
U.S. futures are flat as artificial intelligence-related stocks continue to sell off and oil prices rise again. AI-related stocks have become volatile in recent months as the value of company shares have soared while confidence in a pay off, at least soon, has waned. The futures for the S&P 500 were relatively unchanged, while those for the Dow Jones Industrial Average rose 0.1%. Nasdaq futures declined 0.1%. Oracle shares slipped more than 1% b…
BEFORE THE BELL: US futures nearly unchanged as AI-related stocks hit by heavy selling, oil prices rise
By ELAINE KURTENBACH and MICHELLE CHAPMAN AP Business Writers U.S. futures are flat as artificial intelligence-related stocks continue to sell off, while oil prices jetted higher again. AI-related stocks have become volatile in recent months as the value of company shares have soared while confidence in a pay off, at least soon, has waned. The futures for the S&P 500 were relatively unchanged, while those for the Dow Jones Industrial Average ros…
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